Asia

N.A., Takata, currency sway Japanese earnings

12:01 am U.S. ET | Feb. 8, 2016

Better business in North America helped Subaru, Mazda and Mitsubishi in the October-December quarter. But spiraling costs for the recalls of Takata airbags tempered earnings, and foreign exchange rates were a double-edged sword....
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Dual-sourcing dilemma hits Japan again

12:01 am U.S. ET | Feb. 8, 2016

Toyota is suspending production at all assembly lines in Japan because of an explosion at a steel plant. The six-day shutdown raises questions as to whether Toyota learned, as it claimed after Japan's 2011 earthquake, the value of dual sourcing all components....
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Mahindra mulls Pininfarina-designed premium car

Feb. 5, 2016 14:41 CET

Mahindra has begun talks with Pininfarina, the Italian design house it agreed to buy in December, to build a premium car for the Indian market....
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Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit....
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Kia plans first sports sedan next year as it seeks younger, more hip image, report says

10:13 am U.S. ET | Feb. 3, 2016

Kia Motors plans to launch its first sports sedan next year, people familiar with the matter told Reuters, seeking to burnish a sporty, younger image as larger sibling Hyundai Motor builds up its premium offerings....
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GM to launch first compact sedan in India as part of market share quest

6:30 am U.S. ET | Feb. 3, 2016

GM said it plans to build and sell its first compact sedan in India in 2017, entering the country's fastest-growing passenger car segment as part of efforts to double market share by the end of the decade....
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Renault-Nissan plan cheap EV for China

Feb. 3, 2016 06:01 CET

Renault-Nissan will develop an affordable electric car for China because the alliance's current offering, the Nissan Leaf, is too expensive for the local market....
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Key Safety Systems to be acquired by Chinese conglomerate in $920 million deal

12:22 pm U.S. ET | Feb. 2, 2016

Airbag and seat belt supplier Key Safety Systems Inc. has agreed to be acquired by Chinese auto conglomerate Ningbo Joyson Electronic Corp. in a $920 million deal....
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Hyundai posts first monthly global sales decline since July

6:25 am U.S. ET | Feb. 1, 2016

Hyundai's sales fell for the first time in six months in January, dragged down by demand in emerging markets including China, Brazil and Russia....
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Renault opens China factory amid slowing market

Feb. 1, 2016 10:57 CET

Renault launched its new factory in China, saying it still sees plenty of growth in the market where new-car demand is slowing after years of double-digit growth....
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Say goodbye to the golden days, analyst says

12:01 am U.S. ET | Feb. 1, 2016

Max Warburton, an analyst at Sanford Bernstein whose colorful client notes get lots of attention, authored one in January called “The End of an Era,” in which he paints a bleak portrait of the coming years....
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NEWS ANALYSIS

No path to profits: Why Ford exited 2 key Asian markets

12:01 am U.S. ET | Jan. 31, 2016

Frustrated by paltry sales, Ford pulled the plug on its businesses in Japan and Indonesia. In both cases, it couldn't crack a Japan Inc. stranglehold: Japanese brands hold more than 90 percent market share in both nations. Ford cut bait to focus elsewhere....
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Renault sees strong China potential despite late arrival

Jan. 31, 2016 23:09 CET

Renault sees plenty of growth in Chinese vehicle demand, the automaker said as it prepared to cut the ribbon on its first plant in the world's biggest auto market, where demand has slowed over the past year....
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Toyota to suspend Japan output for 6 days as steel parts run low

8:54 pm U.S. ET | Jan. 31, 2016

Toyota will suspend production at all assembly lines in Japan for six days this month due to a parts shortage, hitting exports of such cars as Lexus luxury vehicles. The shutdown comes after a Jan. 8 explosion at a steel factory in Japan....
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Saab name won't be revived under Chinese owners

Jan. 30, 2016 06:01 CET

Saab AB, the Swedish aerospace company that owns the Saab brand, will not allow its name or logo to be used on future models produced by National Electric Vehicle Sweden....
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Toyota, crimped by steel shortage, may suspend Japan output

10:18 pm U.S. ET | Jan. 29, 2016

Toyota said it may halt production at its plants in Japan early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates....
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Ford preps new Ka for Europe

Jan. 29, 2016 06:01 CET

Ford is getting closer to launching the European version of the Ka minicar. Ford plans to remain a key player in the region's entry-level sector, the automaker's Europe head, Jim Farley, said....
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Takata says CEO has no plans 'as of now' to step down

Jan. 29, 2016 11:22 CET

Takata said its CEO Shigehisa Takada had no intention to resign "as of now" as the airbag maker struggles with a long-running safety recall crisis....
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Toyota will decide on buying out rest of Daihatsu on Friday, report says

Jan. 28, 2016 11:56 CET

Toyota and Daihatsu will decide at board meetings on Friday if Toyota will make the minivehicle maker a wholly owned subsidiary, Reuters reported. Toyota already owns a 51.2 percent stake in the smaller automaker....
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JAY RAMEY

BLOG: Will Volvo's S90L land stateside?

11:30 am U.S. ET | Jan. 26, 2016

Is an even more luxurious, longer variant of Volvo's S90 sedan in the cards for North America?...
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Ford to close operations in Japan, Indonesia this year

Jan. 25, 2016 10:18 CET

Ford will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" there, according to an internal document reviewed by Reuters on Monday. Ford will exit all areas of business, including shuttering dealerships and stopping sales and imports of Ford and Lincoln vehicles....
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YANG JIAN

BLOG: How GM zoomed past VW in China

12:01 am U.S. ET | Jan. 25, 2016

The Volkswagen Group was China's largest automaker in 2013 and 2014, but last year, General Motors regained top billing. How did VW lose bragging rights as China's No. 1 automaker?...
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YANG JIAN

How GM zoomed past VW in China

12:01 am U.S. ET | Jan. 25, 2016

The Volkswagen Group was China's largest automaker in 2013 and 2014, but last year, General Motors regained top billing. How did VW lose bragging rights as China's No. 1 automaker?...
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South Korean antitrust agency probes VW over emissions ads

Jan. 22, 2016 14:32 CET

Volkswagen Group is being probed by South Korea's antitrust regulator over claims it made in advertising relating to emissions from its cars, an official at the agency told Reuters....
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VW's South Korea chief faces criminal case over emissions recall

Jan. 19, 2016 10:55 CET

South Korea plans to file a criminal complaint against the country's Volkswagen and Audi chief. It says a recall plan for emissions-cheating cars fell short of legal requirements....
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